2023 Highlights
Completed seven-hole core drilling program expanding the mineralized zones around and below the Contention open pit with broad intersections of oxidized gold-silver.
Discovered bonanza grade silver of 3,477 grams per tonne (gpt) silver over 1.52 m within a zone of 733.9 gpt silver over 7.6 m, part of a broader intercept of 0.58 gpt gold and 72.19 gpt silver (1.63 AuEq) over 125.0 m, using an 80:1 silver:gold ratio in hole TC23-01.
High grade gold was also drilled in Hole TC23-05 - 2.82 gpt gold and 176.64 gpt silver (5.02 gpt AuEq) over 36.0 m, including 6.45 gpt gold and 408.47 gpt silver (11.55 gpt AuEq) over 15.5 m. This high-grade zone had intercepts of 1.52 m of 53.5 gpt gold and 1470.0 gpt silver (71.875 gpt Au Eq) and 1.52 m of 0.029 gpt gold and 1694 gpt silver (21.2 gpt AuEq).
Expanded Tombstone JV Patented Land Position in
Aztec's drilling over 2020-2023 has been successful in drill testing significant gold-silver mineralization which remains open in all directions.
Higher grade intervals of the 2020-2021 drilling include 16.8 gpt gold and 374.4 gpt silver or 22.15 gpt gold equivalent (AuEq) using a 70:1 silver:gold ratio over 7.6 meters (m) in hole TR21-22 and 5.71 gpt gold plus 40.5 gpt silver or 6.28 gpt gold equivalent over 32.0 m in hole TR21-03.
Thicker mineralized intervals include 65.5 m grading 2.44 gpt Au and 66.6 gpt Ag (3.39 gpt AuEq) in hole TR21-22 and 96.04 m assaying 1.39 gpt Au and 56.4 gpt Ag (2.20 gpt AuEq) in hole TR21-10.
Completed surface exploration program comprised of road cut sampling, Terraspec SWIR data collection and detailed geological mapping.
Completed 13 reverse circulation holes totaling 1,646 m, the 13 completed drill holes expanded the potential mineralization area of the primary
Drilling in the 2022 program intercepted strong mineralization at the
California Zone Drill Highlights Include: o 137m @ 1.49 gpT Au incl 51.7m @ 3.42 gpT Au in CAL22-005 o 165m @ 1.00 gpT Au incl 24.4m @ 4.25 gpT Au in CAL22-004 o 152m @ 0.87 gpT Au, incl 33.5m @ 2.05 gpT Au in CAL22-012
Our first drill campaign six years ago successfully and partially outlined an oxide gold cap to a significant new porphyry gold (copper) discovery at the
Corporate
Closed two oversubscribed private placement financings totalling
Appointed
2024 Outlook
Assay results of recently completed drilling program are pending for expected release in Q1 2024.
Continue surface exploration at the
Commence surface exploration program at Tombstone ahead of planning and commencing a follow up RC drill campaign at the Tombstone project targeting further expansions of high-grade shallow gold and silver around and below the Contention open pit.
2024 drill program at
Seek additional opportunities in safe jurisdictions within the
About
Contact:
President & CEO, Director
Tel: (604) 619-7469
Fax: (604) 685-9744
Email: simon@aztecminerals.com
Web: www.aztecminerals.com
Forward-Looking Statements
Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'expects' or 'it is expected', or variations of such words and phrases or statements that certain actions, events or results 'will' occur. These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
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